Shutterstock photo
Markets

Britain's BBA mortgage approvals rise more-than-expected

Shutterstock photo

Shutterstock photo

Forex Pros - Mortgage approvals in the U.K. rose more-than-expected in May, industry data showed on Thursday.

In a report, the British Banker's Association said that the number of new mortgages approved in May rose to 30.5K from 29.7K in April, whose figure was revised up from 29.4K.

Analysts had expected the number of mortgage approvals to rise to 30.0K in May.

Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.37% to trade at 1.6011.

Meanwhile, European stock markets were broadly lower. The FTSE 100 fell 0.6%, the EURO STOXX 50 slumped 1.05%, France's CAC 40 dropped 0.75%, while Germany's DAX slipped 0.7%.

Forex News

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos